Xcerra (XCRA) Upgraded by Needham & Company LLC to Buy

Xcerra (NASDAQ:XCRA) was upgraded by research analysts at Needham & Company LLC from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat reports. The firm currently has a $16.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 24.42% from the stock’s previous close.

XCRA has been the topic of a number of other research reports. Stifel Nicolaus upgraded Xcerra from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research downgraded Xcerra from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. BidaskClub upgraded Xcerra from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. DA Davidson upgraded Xcerra from a “neutral” rating to a “buy” rating and set a $10.25 price target on the stock in a report on Friday, February 23rd. Finally, Craig Hallum upgraded Xcerra from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.50.

Shares of Xcerra stock opened at $12.86 on Tuesday. The firm has a market cap of $686.98, a PE ratio of 26.24, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a current ratio of 4.79, a quick ratio of 3.59 and a debt-to-equity ratio of 0.01. Xcerra has a 12-month low of $9.05 and a 12-month high of $13.29.

Xcerra (NASDAQ:XCRA) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Xcerra had a return on equity of 16.22% and a net margin of 9.85%. The company had revenue of $110.28 million for the quarter, compared to analyst estimates of $106.82 million. During the same period in the previous year, the firm earned $0.07 earnings per share. Xcerra’s revenue for the quarter was up 37.6% compared to the same quarter last year. equities research analysts predict that Xcerra will post 0.99 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its stake in Xcerra by 13.3% in the fourth quarter. First Trust Advisors LP now owns 48,577 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 5,708 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Xcerra by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 284,351 shares of the semiconductor company’s stock valued at $2,784,000 after purchasing an additional 5,715 shares in the last quarter. Aperio Group LLC grew its stake in Xcerra by 12.8% in the fourth quarter. Aperio Group LLC now owns 60,704 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 6,893 shares in the last quarter. Paloma Partners Management Co purchased a new position in Xcerra in the fourth quarter valued at about $137,000. Finally, Ellington Management Group LLC purchased a new position in Xcerra in the fourth quarter valued at about $157,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

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Xcerra Company Profile

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and power management devices.

Analyst Recommendations for Xcerra (NASDAQ:XCRA)

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